Hope for Homeowners Latest News Oct 1, 2008

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Mortgage aid program launches – CNN Money
WASHINGTON (AP) — The government kicked off a program Wednesday that aims to prevent foreclosures by letting an estimated 400,000 troubled homeowners swap their mortgages for more affordable loans. Lenders, rather than borrowers, will decide whether …

The other housing rescue starts today – CNN Money
NEW YORK (CNNMoney.com) — Amidst all the chaos surrounding the $700 billion Wall Street bailout plan, the federal government’s other housing rescue program quietly opened for business Wednesday. But will any mortgage servicers come knocking? The …

Government Launches Mortgage Aid Program – ABC News

The government kicked off a program Wednesday that aims to prevent foreclosures by letting an estimated 400,000 troubled homeowners swap their mortgages for more affordable loans. A foreclosed home is up for sale again Altadena, California. The …

Gov’t launches mortgage aid program – Philadelphia Inquirer
WASHINGTON – The government kicked off a program Wednesday that aims to prevent foreclosures by letting an estimated 400,000 troubled homeowners swap their mortgages for more affordable loans. Lenders, rather than borrowers, will decide whether to …

Stressed Local Homeowners Hope Bailout Helps Them – KDKA
PITTSBURGH (KDKA) ? Whatever form the bailout package takes, a number of people from the Pittsburgh area hope it includes help for homeowners who are struggling to keep their homes. Alexander Banai and Sherie Francis were two of the people who …

Your e-mailed questions answered on bailout bill – Detroit Free Press
In an e-mail, someone writing as ?GAThurman? asked the Free Press if we could ?please, please find out if there is relief in this bill that is specifically designed to help struggling homeowners.? Considering how big a deal this has been in …

Louisiana Business: GE, ProBono Gala, Mortgage Aid, Road Home, DEQ – Bayou Buzz

– GE today announced plans to offer at least $12 billion of common stock to the public. The underwriters will have a 30-day option to purchase shares representing an additional 15%of the offering amount from GE to cover over allotments, if any. The …

Revised Rescue Bill Gives Lawmakers Hope – CBS News
E-Mail Story (CBS/AP) Two House leaders said Wednesday headway is being made toward getting the $700 billion financial industry rescue bill through Congress, thanks partly to a provision increasing insurance for people’s deposits. “I think the Senate …

U.S. Senate gears up for bank rescue – Globe and Mail
NEW YORK ? The U.S. Senate geared up to vote on a revised $700-billion (U.S.) rescue plan for the financial sector on Wednesday as nervousness gripped Wall Street and bank-to-bank lending worldwide remained paralyzed. The White House and European …

US mortgage aid program opens doors, if slightly – Reuters
WASHINGTON, Oct 1 (Reuters) – A federal program to refinance up to $300 billion in troubled U.S. mortgages began accepting applications on Wednesday but the effort will have only a limited impact on the national foreclosure crisis. The HOPE for …

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